Multiple Choice
Inflationary pressures caused the FOMC to increase the federal funds rate by ¼ of a percentage point in June 2004,and by exactly the same amount at every subsequent FOMC meeting through June of 2006. Theses actions
A) caused an upward movement along the monetary policy curve.
B) caused a downward movement along the monetary policy curve.
C) shifted the monetary policy curve upward.
D) shifted the monetary policy curve downward.
Correct Answer:
Verified
Correct Answer:
Verified
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